Big falling wedge here on GPS- Will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime - Bullish
- EMA's Converging- Closed on Friday reclaiming the 50-day EMA
- Hidden Divergence (Bullish) on the...
Fundamentally the company reported on making a profit!
We are in the strong support lvl
If I did correct correction wave ABC, we can't go lower the 1st wave high top.
I go 1% from my deposit on LONG
Now correction ending after 3d wave. See the loading volume. Fundamentally, the company looks good. 5th wave should be 65-100% from the 1st wave so can expect a price at $70. Good time to buy
if price makes the overlap as shown on the chart, it will provide a nice buy entry.
On the right side chart - price is retesting the broken down trend line
$GPS Target 37.60 for 20.78%
Or double position at 24.66
OOOOh, this one has a divy too. ☀️
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial...
NYSE:GPS fired off a bullish signal this morning at a support level that fit my rules for a long trade entry. I'll be watching this closely through the week as the stock has Earnings on 5/27 which can be a maker or breaker of a great trade.
Looks like NYSE:GPS is following a strong retracement pattern, which it should fall back down on around the dark green, probably around the same level where it started the mountain. MACD histogram as well as the MACD/signal pattern seems to agree with this at least in the short term.
I would suggest buying once it gets back down around the $20 level, but it...
